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Technology Stocks : Spyglass
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To: jeff lipschutz who wrote ()3/19/2000 4:41:00 PM
From: bobgh   of 1412
 
Internet companies running out of cash - Barron's
____________________________________________________________
Sunday March 19, 4:21 pm Eastern Time

Internet companies running out of cash
- Barron's

NEW YORK, March 19 (Reuters) - At least 51 Internet firms
will run out of cash within the next year, according to a Pegasus
Research International study commissioned by Barron's and
reported in its March 20 edition.

The report listed online music store CDNow Inc.
(NasdaqNM:CDNW - news), network security company Secure
Computing Corp. (NasdaqNM:SCUR - news), online health Web sites drkoop.com Inc.
(NasdaqNM:KOOP - news) and Medscape Inc. (NasdaqNM:MSCP - news), and online grocer
Peapod Inc. (NasdaqNM:PPOD - news) as among companies likely to run out of funds soon.

The report said that many companies will not succeed to raise cash by issuing more stock or bonds,
and may be forced to sell out to stronger rivals or go out of business altogether.

Online retailer Amazon.com Inc. (NasdaqNM:AMZN - news) was another company that appeared
on the list. Barron's reported that its cash will last 21 months.

The report also cited Amazon and Internet venture capital firm Internet Capital Group Inc.
(NasdaqNM:ICGE - news) as companies whose share prices are trading significantly off their highs,
making raising new funds that much more difficult.

biz.yahoo.com

Shouldn't have much of an effect on Spyglass -or- most of the
other companies listed...

"GO" "SPYGLASS"
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